The Victorian Competition and Efficiency Commission has released its 2010-11 Annual Report. The Victorian Competition and Efficiency Commission has three core functions:
- Reviewing regulatory impact statements and advising on the economic impact of significant new legislation;
- Undertaking inquiries into matters referred to it by the Victorian Government; and
- Operating Victoria’s Competitive Neutrality Unit.
To improve the quality of regulatory impact assessment in Victoria three areas were identified as priorities for 2011-12. These were:
- support the development and implementation of the Victorian Guide to Regulation for a more user-friendly and accessible document;
- to use the Victorian Competition and Efficiency Commission website and other channels to provide targeted information about the RIS process; and
- to provide training that allows policy officers to prepare RISs to improve the use and quality.